Saturday, June 23, 2018
In response to yesterday's post, University Of Minnesota Approves $3.6 Million Subsidy For Law School; Regent Urges School To Drop Quest To Retain Top 20 Ranking Due To Projected $100 Million 10-Year Subsidy, incoming Minnesota Associate Dean Bill McGeveran requested that I post this response:
While there have been challenges here at Minnesota, readers should know that the recent media coverage you cite doesn't include the whole story.
First, of the 11 public law schools in the top 30, the only ones to get a lower percentage of their revenue from state support are Berkeley, Michigan, and Virginia — all with endowments 2 to 4 times larger than ours. The so-called "subsidy" is actually bringing us into line with our peers.
Second, our applicant numbers, yield, and class size have all increased for the entering classes of 2017 and 2018, without any sacrifice in the credentials of our incoming students.
All law schools need to be conscious of costs today, and we're no exception. But there's no dire crisis at Minnesota, even if that's a less interesting news story.
Prior TaxProf Blog coverage:
- Amidst 32% Enrollment Decline, University Of Minnesota Funds $16 Million Law School Operating Deficit (Feb. 12, 2016)
- Dorothy Brown: A Top Law School Will Close In 2-4 Years (Mar. 17, 2016)
- NY Times: Amidst 33% Enrollment Decline, University Of Minnesota Funds $16 Million Law School Operating Deficit (May 13, 2016)
- University Provides $2.2 Million Lifeline to Minnesota Law School to Help Close $3 Million Budget Deficit Caused by 18% Enrollment Decline (June 4, 2016)
- Chronicle: Highly Ranked Law Schools Like Minnesota, Washington & Lee Cut Enrollments, Costs To Survive (July 2, 2016)
- Minnesota (-33%), Oregon (-43%) Law Schools Welcome Much Smaller 1L Classes Compared to 2011 (Aug. 23, 2016)
- Amidst Declining Enrollment And Budget Deficits, Minnesota Law School Dean Seeks To Shift Narrative (Oct. 8, 2016)
- University Of Minnesota Increases Law School's Annual Subsidy To $12 Million Amidst Declining Applications, Enrollment (On Top Of $40 Million Subsidy Since 2012-13) (May 11, 2018)
- University Of Minnesota Law School Seeks $3.6 Million Increase In Subsidy To Maintain Top 20 Ranking (May 29, 2018)
- University Of Minnesota Approves $3.6 Million Subsidy For Law School; Regent Urges School To Drop Quest To Retain Top 20 Ranking Due To Projected $100 Million 10-Year Subsidy (June 22, 2018)